Bill would raise Doc fees Collin Spilinek

LINCOLN--The Revenue Committee heard debate on a bill Feb. 8 that would raise the documentary stamp tax in Nebraska.

Legislative Bill 393, introduced by committee member Sen. Mike Groene of North Platte, would raise the tax from $2.25 to $3.25 for each $1,000 in valuation. The tax is imposed in the transfer of a legal title or real estate.

The rate, which has not been adjusted since 2005, currently contributes to a county’s general fund, affordable housing trust fund, site building and development fund, homeless shelter assistance trust fund and behavioral health service fund. The additional $1 would go toward the property tax cash fund.

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